The effects of the pandemic will be in capacity utilization, and I am speaking as an observer and not an expert. Capacity utilization will not only be there in factories and offices but also in many other different places. Primarily, capacity utilization in public places will be constrained. Parks, markets, public amenities all these will have limited usage. Added of course are the other obvious ones like malls,restaurants, movie halls, offices and so on. Commercial real estate would be hit and so also would the individual real estate.

There will be a significant impact on consumption. Not only would absolute consumption get affected,but also would the pattern of consumption. The content of consumption would see a high change. And what many people dont talk about the frequency of consumption would be seeing a substantial change.

An obvious first casualty is the leisure sector, consisting of hotels, resorts, airlines and other travel options and all entertainment options.As far as the markets are concerned, there would be some sectors taking a big hit while some others will be doing much better. Telecom is the biggest beneficiary and will show improved results. Some others like OTT platforms are also big beneficiaries but there are not many listed entities in the space.

Nobody can predict the time or the route to normalcy and there are experts looking into it and analyzing trends regularly. There has been and will be disruptions to our lives. Job losses, salary cuts for people and earnings losses for companies. The problem will not go away till a vaccine is made available. The longer the duration the more lasting the consequences there will be.